Falling Jumbo Rates Raise High End Sales

Will suddenly affordable jumbo loans unlock the move-up market and kindle demand for unsold upscale properties?

High end sales have been picking up through the spring and early summer, even in the wake of the demise of the tax credit, whose impact was felt almost exclusively at the lower end of the market. The moribund economy and lenders who have re-entered the jumbo market have driven down jumbo rates to five-year lows that are giving hope to homeowners who have been unable to sell since the 2006 crash.

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